ASX 0.30% $79.70 asx limited

have no fear

  1. 496 Posts.
    There is a lot of hot air in the media about emerging competition for ASX and the potential threat to their current monopoly. A certain ABC journalist said, "the sooner ASIC take over the responsibility of market regulation, the better". Some analysts are downgrading ASX due to the foreseen competition threat.

    But, there is no cause for alarm for ASX investors. Regulating the market is no easy task. It is extremely complex and requires a lot of "street smartness". Only ASX is seasoned enough to maintain a safe and reliable environnment for stock trading. If ASIC wants the responsibility for market regulation, good! This takes a lot of strain of ASX and allow it to concentrate more on offering product rather than undertake the responsibility of governance. It is doing this as we speak and is more than prepared, come what may. But on the otherhand, do the politicians need this extra headache. If anything goes wrong in the marketplace, it is they who will cop the blame. Something their not overly keen on taking.

    The recent downturn in the share price I believe is based on short-termism, not on basic fundamentals and for those buying more of the stock right now, expect fruitful returns in the long term! Current management have great foresight and are the cream of the directorship crop.

    Good luck all!
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